China Cuts Reserve Requirement to Boost Economy

Beijing has said that it will reverse some of its recent increases in bank reserve requirements. While not a surprise, it does suggest that China is now worried about global growth too.

This transcript has been automatically generated and may not be 100% accurate.

I ... Beijing has said the Guru's lost some of the recent increases in bank was up to promises to introduce what's in it trying to slow the economy down ... it now looks as if they see dismal way of Botts BT the colony app and the announcement was the summits of a surprise but it has ... just given that the baby already though so that he was going to do this for some regional banks a few weeks ago ... corporate does not suggest that was in Beijing a really up peaking ... aam ... he discusses with me is David Gokhale aam ... David ... Wessel doesn't cut it was of ... was of a common SWAT ... well like most ... things Lisa Munnetra policy it sounds simple enough for the central office and Windows is it reduces the amount of money ... but to keep it ... in the hope that they will then take their friends and go out into the Chinese economy into a ... useful instrument of things many businesses than two ... minutes and ... forty voters you name it ... I'm it's of some equipment but it does it does in the Senate introduction to his great would it be a Pursell ... like that ... okay I mean this is come off to you know sizes so the Chinese economy so the the the thirty nine his annex among the fifty which suggests contraction which I think a lot a lot of people ... when Opel Kunduz this was the age of global growth lower right side of it there is a residual ... or cream that China would do some some special buying into global climate is very very short them ... I we sold out to put too much in the quarter that when it's trying situations whereby the number above fifty indicates expansion well below his contraction becoming both a sweet thing since I think of the two thousand when ... something does is it just said that with the least released the twenty multiple economy tightens and what a concept um does this mean that you know ... obviously things again and the West ... I think it's ... becoming increasing your fears that the ... economy or to the world of just me trying to price and they all going to take whatever happened to the ears and of course what happens in Europe and has remained a huge on him ... but I think there ought not to proceed ... with a negative impact of course China in the future it exported to the Reserve is bound to Caprikat ... total exports means losses it has an impact on commodity prices ... expect that you need China signed on always ... having to wind speed of light speeded up because is going on that that's all you ... went to this seems rather than reading the coffers of goals of since announced its reduction in reserve requirement ... um ... that the court orders the key drug report August and he will remain ... activity in China if it keeps loving what the quilt court was ruined and onto the full ... saucy is a case of keeping eyes in time and time is the ... good news of the